Page 79 - Spending Problem News Today

Im not going to get into any of the details of how you would get there. its just time to get the job done. >> mr. speaker, it sounds like youre talking about setting up a framework for next year to do the tax reform and entitlements. but now you need to deal with the sequester and the medicare problem and youve spoke or theres this concept of a down payment. can you go into what you expect that to be? >> i would rather not do that because i dont want to limit the options available to me or limit...

Will lead to taxes not going up and we will set up a process where we will see tax reform happen to simplify the code, lower the rates for everyone, fill the loopholes could get on about the business of growing the economy which has been the focus and should be the focus the last fur years -- four years. >>neil: joe biden in another interview said that if president obama is re-elected republicans will come to the table because the temperature would have burst, the fever would be burst and they w...

Are right and a win for mitt romney in your state leads to a similar win in other crucial swing states and he is president elect tomorrow night on late on wednesday morning, who knows, but on this fiscal cliff thing and the bush rates that expire and the sequestration cuts that kick in, what is your best guess what happens? >>guest: mitt romney said he does not want taxes going up on anyone, the fiscal cliff. if you look at it, it is the marginal rates, capital gains and dividends, the debt tax,...

Entitlements, spending, taxes, how do you see it? >> i hate to say this on fox, i hope ill be allowed to leave here alive. but i dont think theres any way we can cut spending enough to make a meaningful difference. were going to have to raise taxes on very, very rich people. people with incomes of like, say, $2 million, $3 million, $4 million a year and up and slowly, slowly, slowly move it down. $250,000 a year, thats not a rich person. >> you dont think washington just has a spending problem? ...

Say, $2 million, $3 million, $4 million a year and up and slowly, slowly, slowly move it down. $250,000 a year, thats not a rich person. >> you dont think washington just has a spending problem? >> i do not think they just have a spending problem. partly a spending problem but also a too low taxes problem. with all due respect to fox and my brothers and sisters -- >> oops. ben stein wasnt sticking to the fox news talking points. he didnt take the bait when steve doocy desperately tried to steer ...

Problem. we have a spending problem. if you look, steady state that 15 to 18% of gdp in the public sector you can raise revenue and grow the business. as soon as you try to raise more revenue from the private sector than say 18%. the biggest statement those be we are going to limit the size of government to i wish it was 15%. give me 18% or 20% as opposed to the run-away government. as soon as you start taxing people you start killing the goose that laid the golden egg, everywhere. thats how the...

Your deficit to scen billion. >> gretchen: he approved the bush tax cuts. >> he approved them two years ago. >> steve: we dont have a tax problem but washington has a spending problem. >> that is accurate . we have a poor recovery of the u.s. economy because of the failed policies of the president. if you had a more robust economy you would have less of a devit. >> steve: the plan that current president made available to what he would do in the next four years. >> he claimms a several trillion i...

You trash the institution and confiscate the red cent and you bring in 839 billion. >> steve: you are way short. >> brian: we are short a trillion every year. >> you dont have a taxing problem. this is a spending problem. it is solved by reducing spend reforming entitlements over the long term. taxing the rich will make barely any difference . it is a political slogan. >> steve: right now the president wants to get reelected so he has the key to air force one. >> he thinks that if you tax the ri...

American people. >> im asking what you think. you are a guest, im asking you. >> im telling you, i believe the tax code we have -- >> can i keep 50 cents. my dollar? >> and -- >> because im not paying my fair share because he said so? >> well, no, you asked me -- >>. >> ill ask you. >> you dont want my answer. >> well, would it be fair if people say the government is selfish themselves if they take more than 50 cents after dollar. >> the government, when people dont -- when there are people who ...

American people. >> im asking what you think. you are a guest, im asking you. >> im telling you, i believe the tax code we have -- >> can i keep 50 cents. my dollar? >> and -- >> because im not paying my fair share because he said so? >> well, no, you asked me -- >>. >> ill ask you. >> you dont want my answer. >> well, would it be fair if people say the government is selfish themselves if they take more than 50 cents after dollar. >> the government, when people dont -- when there are people who ...